# PPP loan: MOUNTAIN ELECTRIC OF MONTANA INC
> **$360K** approved 01/21/2021 · Paid in Full · Loan `3261358308`
## Borrower
- **Name:** MOUNTAIN ELECTRIC OF MONTANA INC
- **Address:** 2121 4th Ave N, Billings, MT, 59101-1460
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $360K
- **Initial approval:** $360K
- **Forgiven:** $361K (100%)
- **Forgiveness date:** 06/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $360K
- **Jobs reported:** 28
## Lender
- **Originating:** Stockman Bank of Montana
- **Servicing:** Stockman Bank of Montana (MT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*